Sei Investments Co. Acquires Shares of 21,636 ThredUp Inc. (NASDAQ:TDUP)

Sei Investments Co. acquired a new stake in ThredUp Inc. (NASDAQ:TDUP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,636 shares of the company’s stock, valued at approximately $37,000.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL grew its stake in ThredUp by 285.0% in the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock valued at $1,550,000 after purchasing an additional 674,852 shares during the period. BloombergSen Inc. bought a new position in ThredUp in the 2nd quarter valued at $131,000. PEAK6 Investments LLC bought a new position in ThredUp in the 1st quarter valued at $328,000. Bank of New York Mellon Corp grew its stake in ThredUp by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company’s stock valued at $467,000 after purchasing an additional 20,933 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of ThredUp by 22.8% during the 2nd quarter. Acadian Asset Management LLC now owns 1,355,830 shares of the company’s stock valued at $2,303,000 after buying an additional 251,629 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Insider Buying and Selling

In related news, Director Patricia Nakache sold 18,378 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $2.05, for a total transaction of $37,674.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other ThredUp news, Director Noam Paransky purchased 40,008 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $0.81 per share, with a total value of $32,406.48. Following the acquisition, the director now directly owns 586,452 shares in the company, valued at approximately $475,026.12. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia Nakache sold 18,378 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $2.05, for a total value of $37,674.90. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 385,008 shares of company stock valued at $308,906 and have sold 248,024 shares valued at $490,833. 34.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on ThredUp from $5.00 to $3.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $3.33.

ThredUp Trading Up 10.2 %

Shares of TDUP opened at $0.82 on Friday. The stock’s 50-day simple moving average is $0.82 and its 200 day simple moving average is $1.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 0.92. ThredUp Inc. has a 52-week low of $0.61 and a 52-week high of $3.80.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The company had revenue of $79.76 million for the quarter, compared to analysts’ expectations of $82.58 million. ThredUp had a negative return on equity of 63.88% and a negative net margin of 19.47%. During the same period last year, the company posted ($0.18) EPS. Research analysts forecast that ThredUp Inc. will post -0.55 earnings per share for the current fiscal year.

ThredUp Company Profile

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.